Mastercard Inc (MA) Declares Quarterly Dividend of $0.11
Mastercard (NYSE:MA) declared a quarterly dividend on Wednesday, June 4th, American Banking & Market News reports. Shareholders of record on Wednesday, July 9th will be given a dividend of 0.11 per share on Friday, August 8th. This represents a $0.44 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Monday, July 7th.
A number of analysts have recently weighed in on MA shares. Analysts at Zacks reiterated a “neutral” rating on shares of Mastercard in a research note on Friday, May 2nd. They now have a $78.00 price target on the stock. On a related note, analysts at Nomura reiterated a “buy” rating on shares of Mastercard in a research note on Friday, May 2nd. They now have a $93.50 price target on the stock, up previously from $91.00. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Mastercard in a research note on Tuesday, April 29th. They now have a $90.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $416.84.
Mastercard (NYSE:MA) traded down 0.04% during mid-day trading on Wednesday, hitting $76.32. The stock had a trading volume of 2,794,788 shares. Mastercard has a 52-week low of $55.706 and a 52-week high of $84.748. The stock’s 50-day moving average is $74.41 and its 200-day moving average is $76.73. The company has a market cap of $89.172 billion and a P/E ratio of 28.61.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company posted $6.23 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts predict that Mastercard will post $3.01 earnings per share for the current fiscal year.
MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
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